Indacoin Review 2021: Security, Fees & Special Features

The web’s most detailed Indacoin review: Indacoin is regulated by the FCA in the United Kingdom and has since its inception in 2014 proven to the UK crypto scene that they are here to stay. Invest among 100 altcoins with a great growth potential directly with your VISA or Mastercard through a very user-friendly interface. This beginner-friendly crypto exchange has lately made a name for itself and we decided to dig deeper to find out exactly what’s going on here. Read the full story in our Indacoin review.

4.17/5
Excellent
Regulated by
FCA
United Kingdom flag
Indacoin
Founded January 2014
Owner Indacoin LTD
Type Cryptocurrency Exchange
Fees 0.50%
account minimum 10$
Best for Investors

Why Indacoin

In this section of our Indacoin review we highlight 6 special features that deserves extra attention.

Easiest and fastest way to buy cryptocurrency with fiat through card payments, bank transfers, or e-wallets.
Buy Cryptocurrency
Easiest and fastest way to buy cryptocurrency with fiat through card payments, bank transfers, or e-wallets.
This platform is perfect for beginners with limited trading or investing experience online.
Beginner Friendly
This platform is perfect for beginners with limited trading or investing experience online.
Trusted by traders and investors for over 5 years on the market has earned this platform the veteran status.
Veteran Trading Platform
Trusted by traders and investors for over 5 years on the market has earned this platform the veteran status.
On this platform you can start trading without registering an account. Get access the markets instantly!
No Account Registration
On this platform you can start trading without registering an account. Get access the markets instantly!
This status is earned only by the safest and most trusted trading platforms with a proven track record of being safe.
High Security
This status is earned only by the safest and most trusted trading platforms with a proven track record of being safe.
Enjoy instant live chat answers and accurate explanations from a dedicated support agent who is on point!
Professional Support
Enjoy instant live chat answers and accurate explanations from a dedicated support agent who is on point!

About Indacoin

Indacoin is a UK-based cryptocurrency exchange with a fiat on-ramp solution that lets you purchase over 100 different coins with Visa and Mastercard. The platform is regulated in the United Kingdom by the Financial Conduct Authority (FCA) and has been operating since 2014, making them a veteran trading platform in Trading Browser terms.

The operating company of Indacoin is called Indacoin LTD and has the main office registered at Suite 4B, 43 Berkley Square Mayfair, London, W1J 5FJ, Great Britain. Indacoin is a very user-friendly crypto exchange where no account registration is needed to purchase cryptocurrencies with a bank card. However, get ready to verify your identity through their KYC process when buying coins with fiat.

Why use Indacoin

The Indacoin exchange is best suited for investors who are looking to purchase coins with a bank card or exchange from crypto-to-crypto with ease. The platform is aimed at beginners due to the user-friendly interface but seasoned crypto investors will find it very useful thanks to the great reputation and the selection of altcoins.

On Indacoin you can buy coins with full transparency. Yes, there are fees but they are always displayed before you complete the transaction. This gives you full control over how much you are spending when investing in cryptocurrencies. Indacoin also has a mobile app where you can buy crypto just as seamlessly as on the desktop web version. Indacoin suits both small and large investors thanks to very generous limits.

Trading on Indacoin

When trading on Indacoin you are able to swap between coins, crypto-to-crypto. You cannot send coins to the platform directly but when you purchase any digital asset it is immediately tradable with any other coin on the platform. This comes in very handy for investors who want to handle all their transactions on one trusted platform. Buy BTC for example and trade it for several other altcoins with a bigger upside growth potential.

Indacoin does not offer a trading interface for day traders and there we consider this exchange to be best used by medium to longer-term investors who are interested in picking the right coin after analyzing the team, white paper, and the technicals. Indacoin also has a very fast transaction processing time which makes it great for eager traders that just found a new cheap cryptocurrency on the market and can’t wait to buy it.

If you don’t have a crypto wallet address, Indacoin will help you out by providing a brand new address.

Payment methods and limits

Today, Indacoin offers fiat payments through VISA and Mastercard. The minimum deposit is $10, there is no minimum withdrawal, and the maximum withdrawal limit is very high and depends on the coin you would like to withdraw.

Indacoin does not offer fiat withdrawals as of yet.

Things we don’t like

I would like to see a fiat account and also the option to exchange crypto to fiat with a fiat withdrawal system. This combined with the FCA regulation would be a great hub for many traders to funnel fiat in and out of the blockchain system.

Set aside this minor pitfall we consider Indacoin to be an excellent place to invest in cryptocurrency projects and we highly recommend all our investors and traders to give it a try!

Trading Fees

Products
Maker fee
Taker fee
Cryptocurrency
0.50 %
0.50 %

Products

Cryptocurrency
Cryptocurrency

Trading Platforms

Webtrader
Webtrader
Own trading platform Windows + Mac
Own trading platform Windows + Mac
Tradingview
Tradingview
Mobile App Android + Mac
Mobile App Android + Mac

Order Types

N/A

Devices

Smartphone
Smartphone
Web
Web
Tablet
Tablet
Desktop
Desktop

Special Features

Advanced Charting
Altcoins
Quick Registration
Instant Deposits
Fast Withdrawals
Security Of Funds
Market News
2FA Verification
Fast Account Verification
KYC
Trading App
Cashback
Technical Indicators
Instant Coin Exchange
High Limits

About the Special Features on Indacoin

Indacoin is an easy-to-use cryptocurrency exchange that is based in the United Kingdom and we consider the exchange to be an excellent choice for people who have just recently started their crypto investment journey. On Indacoin exchange you can purchase cryptocurrencies with both Visa and Mastercard with ease. One of the best things about the exchange is that they are 100% transparent about their fees, before completing your purchase, will you be able to see the exact details about which fees you are actually paying for.

What we also need to point out is that Indacoin’s technical support is open 24/7 and all inquires are answered at a high speed. It only took a few seconds for us to get in contact with their customer support and they were able to answer all of our questions in a professional manner.

Indacoin Loyalty Program

On the Indacoin platform can you take advantage of the Loyalty program and buy cryptocurrencies with 0% fees forever. In order to do this, you must buy the INDA token, you will then receive a guaranteed cashback based on how many INDA tokens you have on your account. If you have 0-100 tokens you will get 1% cashback, if you would have more tokens than that you will be able to get up to 12% cashback.

How to Register on Indacoin

As we mentioned before, the Indacoin platform is a great choice for the non-experienced crypto person. In order to register yourself for a new account, you have to follow the following steps:

1.  Visit the website.
2.  Click on register on the top right corner.
3.  Confirm your phone number.
4.  Verify your identity.

All set and done, you are now able to purchase cryptocurrencies on Indacoin!

Transparent Fees

Whenever you make a transaction on Incoind you will get a full review of the fees you are going to pay. There are few steps before you can claim your coins when purchasing with your VISA or Master card and in the third step called “Details”, Indacoin will show all fees included in the transaction. This is a great feature that not many crypto exchanges have. It tells a lot about the team behind Indacoin and I respect them for that!

Mobile App

If you enjoy the Indacoin desktop version you must download the Indacoin crypto app. It works in the same way as the browser platform but in a smaller format. Buy cryptocurrencies with VISA or Mastercard through your mobile phone with the Indacoin mobile app. The same fees apply to the application!

Funding

Visa
Visa
Mastercard
Mastercard

Accepted Currencies

USD ($)
GBP (£)
CAD ($)
PLN (zł)
RUB (₽)
AUD ($)
CHF (CHF)
CZK (Kč)
NZD ($)
EUR (€)
SEK (kr)
DKK (kr.)
NOK (kr)
BRL (R$)

Limits

Max Withdrawal Limits
No limit
Min Withdrawal Limits
No limit
Min Deposit Limits
$10

Languages

Czech Republic
Czech
Germany
German
United Kingdom
English
Spain
Spanish
France
French
Italy
Italian
Portugal
Portuguese
Romania
Romanian
Russian Federation
Russian

Restricted Countries

Afghanistan
American Samoa
Albania
Algeria
Bahamas
Bangladesh
Barbados
Bolivia
Botswana
Cambodia
China
Colombia
Democratic Republic of the Congo
Ecuador
Egypt
Eritrea
Gambia
Ghana
Guinea-Bissau
Guyana
Iran, Islamic Republic of
Iraq
Jamaica
Lao People"s Democratic Republic
Lesotho
Liberia
Mali
Mauritius
Mongolia
Morocco
Myanmar
Namibia
Nepal
Nicaragua
Niger
Nigeria
Korea, Democratic People"s Republic of
Pakistan
Panama
Papua New Guinea
Qatar
Saudi Arabia
Somalia
Sudan
Syrian Arab Republic
Tanzania, United Republic of
Trinidad and Tobago
Uganda
Vanuatu
Yemen
Zambia
Zimbabwe

Security

Is it safe to use Indacoin?

Yes, we consider Indacoin to be a legitimate exchange. They have been operating since 2014 and never had an incident with lost funds. The FCA regulation by the United Kingdom government helps cement the trustworthiness of the platform and you can rest assured that your digital assets are safe with Indacoin.

Is Indacoin a regulated platform?

Yes, Indacoin is regulated by the Financial Conduct Authority issued by the UK Government whose main purpose is to ensure fair markets for consumers and businesses.

Support

Live Chat
Live Chat
Phone Number
Phone Number
+44 207 048 25 82

Frequently asked questions

Read the most frequently asked questions about Indacoin. Find answers without searching the web.

The Indacoin exchange accepts Visa and Mastercard as payment methods by the time this review was written.

Indacoin is a cryptocurrency exchange that was established in 2014 and they are based in London. Indacoin offers the possibility to buy over 100 different coins without registration.

Yes, United States investors are able to purchase crypto with bank cards on Indacoin. Although you might need to verify your identity so get ready with your driver's license or your passport just in case.

Indacoin is operated by Indacoin LTD.

Yes, you can feel completely safe when using Indacoin. They never share your personal information with any third parties. Their verification process is also fully GDPR compliant.

The exchange is very easy to use. All you need is your email address, driver's license, your crypto wallet address, and you are good to go. From the home page, you can choose which cryptocurrency you want to buy with fiat. From the account dashboard, you can choose any coin you want to exchange with, meaning, crypto-to-crypto trading. At the bottom of the home page, you can locate the charts page that will take you to the technical chart for each cryptocurrency.

On the home page, select your fiat currency, and how much bitcoin you would like to purchase. Add your wallet address and then click Continue. Now, add your home address, and click continue. In this step, you are asked to type in your full name and date of birth. Verify your phone number with the code that is sent to you. When posting the verification code you will be asked to send in your KYC documents. Get ready with your Driver's license or Passport. In the last step, add your bank card details and click continue.

From your account dashboard, click portfolio and select the coin you wish to withdraw from the platform.